EXHIBIT 11 (Unaudited)
COMPUTATION OF NET EARNINGS PER SHARE
BASIC DILUTED
Nine Months Ended Nine Months Ended
March 31, March 31,
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2001 2000 2001 2000
---- ---- ---- ----
Net income $ 176,675 $ 1,885,317 $ 176,675 $ 1,885,317
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Weighted average common
shares outstanding 5,991,087 5,942,538 5,991,087 5,942,538
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Weighted average common
share equivalents:
Options - - 558,037 551,995
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Weighted average common
shares and common share
equivalents 5,991,087 5,942,538 6,549,124 6,494,533
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Net income per share $ .03 $ .32 $ .03 $ .29
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BASIC DILUTED
Three Months Ended Three Months Ended
March 31, March 31,
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2001 2000 2001 2000
---- ---- ---- ----
Net (loss) income $(2,919,329) $ 569,515 $(2,919,329) $ 569,515
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Weighted average common
shares outstanding 6,079,002 5,918,271 6,079,002 5,918,271
=========================== =========
Weighted average common
share equivalents:
Options - - - 627,256
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Weighted average common
shares and common share
equivalents 6,097,002 5,918,271 6,079,002 6,545,527
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Net (loss) income per share $ (.48) $ .10 $ (.48) $ .09
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